Guocoland to get RM116mil from land sale


PETALING JAYA: Guocoland (M) Bhd said its associate company Vintage Heights Sdn Bhd (VHSB) is disposing of a parcel of land in Sepang for RM474.99mil.

Upon completion of the disposal, VHSB is expected to realise a net gain on disposal of approximately RM290mil, said Guocoland, adding that approximately RM116mil is expected to be attributable to Guocoland.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Guocoland , disposal , Sepang

   

Next In Business News

Wall St set to open lower as yields rise ahead of Powell speech
Astro ends Go Shop home shopping operations
AMMB, MetLife aim to sell jointly-owned units to Great Eastern for RM1.12bil
Pestech wins RM21mil smart meter contract from TNB
icapital.biz announces dividend policy to close share price gap
Epicon's unit bags RM130.89mil contract from Ibrahim & Sons
Bursa Derivatives extends derivatives trading strategic agreement with CME Group
Ringgit ends marginally lower against US dollar
reNIKOLA issues RM390mil Asean green SRI sukuk, world's first climate sukuk
Econpile wins RM101.3mil substructure works contract

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read